India, March 25 -- The Indian rupee depreciated by 29 paise to close at a record low of 94.05 against the US dollar on Wednesday, pressured by sustained foreign institutional investor (FII) outflows and ongoing geopolitical tensions in West Asia.
Despite supportive factors such as lower crude oil prices, a weaker US dollar, and positive domestic equity sentiment, the local currency remained under pressure, according to forex traders.
During the session, the rupee opened at 93.94 and traded within a range of 93.86 to 94.08 before settling at its all-time closing low.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....